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Delhi Mumbai
Industrial
Corridor
Introduction
It is one of the world's largest infrastructure projects .
Delhi Mumbai industrial corridor is a mega
infrastructure project with the financial and technical
aids from Japan covering between the political capital
and the business capital of India i.e .Delhi and
Mumbai.
The investments will be spread across the 1,500 km
long Western Dedicated Freight Corridor which will
serve as the industrial corridor's transportation
backbone
Budget
It is one of the world's largest infrastructure projects
with an estimated investment of US $100 billion and is
planned as a high-tech industrial zone spread across
six states, as well as Delhi, the national capital and
itself a Union Territory
Benefits
Employment generation
The project is expected to generate 3 million jobs, largely in manufacturing.
Investment and financing
Project initially aims for US$100 billion direct investment in this scheme,
excluding investment in other associated schemes. Anand Sharma , former
minister, from the Ministry of Commerce and Industry had proposed the
establishment of a US$90 billion revolving fund with matching
contribution from India and Japan to kick-start the implementation
process of the US$90 billion Delhi Mumbai Industrial Corridor Project.
Japan will be a major investor for this project. The corridor will span 1483 km.
$4.5 billion was being initially funded by the Japanese government as a loan
for a period of 40 years at a nominal interest of 0.1%.
Target businesses and companies
To provide impetus to Make in India , supported
by Startup India and Standup India, a total of 24
special investment nodes are conceived to be created
by the government, that would support
manufacturing, however, any type of industry could be
set up.
The government would play the role of the facilitator
to encourage businesses to invest more by providing a
"stable environment".
time
The project was supposed to be started in 2006 and
was expected to be completed in three phases over
nine years that is by 2015.
Delay
The project was started in 2008 which was supposed to
be started in 2006.
Phase 1 was expected to be completed by 2012 and
subsequent phases by maximum December 2016.
However, the project is running behind schedule.
It was given a revised deadline of 2017
reasons
Several projects like power plants have been rolled
back and land acquisition and other hurdles have
blocked the project’s development as planned.
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